Refilling the Nest: Multi-Generational Living is on the Rise

multi-generational living is on the rise

Baby Boomers have hit the 55+ stage of their lives. Like their parents, they’re thinking about retirement, even if it’s partial or still off in the future. The kids have grown so they have freedom from being the provider. But, wait! According to current statistics, the kids are moving back home, and their grandparents are moving in, too. Your household isn’t shrinking. It’s growing. Instead of scaling back, you might be one of the many American refilling the nest because multi-generational living is on the rise!

Multi-Generational Living

A recent Pew Research study cited the steady growth of multi-generational households. In 2000, 42 million people lived in a home with two or more generations. In 2014, the number jumped to 60.6 million Americans. And the trend seems to be continuing.

Millennials—the generation born between 1980 and 2000— faced some challenges with the recession that hit in 2009. It became acceptable to live with your parents once again, particularly for a generation that was used to “helicopter parents” who did everything from chauffeur them to every item on their over-scheduled schedule to sitting in on college admission interviews.

On the other end of the spectrum, the parents of the Baby Boomers are expected to live longer. Yet, they don’t want to spend their senior years in a nursing home. Some opt for assisted living, but some of the Silent Generation are finding their way into their adult children’s households. They want independent living but value family life, particularly the opportunity to be involved in the lives of their grandchildren.

New Homes Designed To Fill The Need

Homebuilders have recognized this housing trend among so-called “empty nesters” and are coming up with solutions. Two owner’s suites—one each on the first and second levels—accommodate a family member who needs more freedom than just a bedroom. The grandparents can occupy the first-floor owner’s suite while the homeowner takes the second-floor suite. Eventually, the homeowner can move to the main floor—effectively an aging in place design.

With multi-generational living is on the rise, it's important to consider future needs when buying a new home.

Epcon Communities

Epcon Communities, a developer of 55+ communities for more than 30 years—has also given Baby Boomers a way to comfortably welcome another generation in their “right-sized” home. Many of the single-level homes offer the option of a second-floor bonus suite. This spacious area can be configured with a full bath and even a kitchenette. Plus, many floor plans feature enough space on the second floor for both the bedroom and a living area.

According to Ed Bacome, co-founder of Epcon Communities, the other benefit of their neighborhoods is that grandparents can move there and live independently while still being close to their adult children and grandchildren. The low-maintenance lifestyle in a single-family home presents an appealing option.

“We have many homeowners who moved to an Epcon Community because they wanted to live closer to their grandchildren. Sometimes that now means under the same roof,” he explains.

Epcon Communities offer luxury homes, some with resort-style amenities, friendly neighborhoods, and the stress-free lifestyle that comes with low- maintenance. Find a community in your area and contact us to learn more.